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Maruti Suzuki shines on the buzz of entering into LCV space

20 Dec 2012 Evaluate

Maruti Suzuki India is currently trading at Rs. 1521.00, up by 11.35 points or 0.75 % from its previous closing of Rs. 1509.65 on the BSE.

The scrip opened at Rs. 1509.10 and has touched a high and low of Rs. 1528.95 and Rs. 1509.10 respectively. So far 45972 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1537.00 on 07-Dec-2012 and a 52 week low of Rs. 912.10 on 30-Dec-2011.

Last one week high and low of the scrip stood at Rs. 1528.95 and Rs. 1452.00 respectively. The current market cap of the company is Rs. 43860.88 crore.

The promoters holding in the company stood at 54.21% while Institutions and Non-Institutions held 36.60% and 9.19% respectively. 

Maruti Suzuki is reportedly looking to foray into Light commercial vehicles (LCV) space to give tough competition to Tata Motors which is currently dominating the segment by Tata Motors Ace with over 50 per cent market share.

With the development of two-cylinder, 800 cc diesel engine for the passenger car shifting to India, Maruti is keen to explore options for using the potential workhorse to enter the small pick up truck market. This development will give a competitive edge to the company in the LCV segment.

Maruti Suzuki India (MSIL), formerly known as Maruti Udyog, a subsidiary of Suzuki Motor Corporation of Japan, is India’s largest passenger car company, accounting for over 50 per cent of the domestic car market.

 

Maruti Suzuki Share Price

13445.55 -6.70 (-0.05%)
20-Apr-2026 14:49 View Price Chart
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